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Office of Financial Aid

The Office of Financial Aid administers financial aid from federal, state, institutional, and private resources according to the Federal guidelines provided by the U.S. Department of Education. The university works with students and families in determining available funds to help meet the cost of education at the University of Saint Francis.

Taking a walk in front of the Achatz Building

Johnny Cougar enjoying the view of Mirror Lake

Federal Grad PLUS Loan

The Federal Grad PLUS loan program is for graduate students. The graduate student borrower must be a U.S. citizen or permanent resident and must be enrolled at least half-time. Eligibility is based on credit. Students may borrow up to the cost of attendance, minus any other aid received. Applicants must complete a FAFSA and must have applied for their maximum annual loan eligibility through the Federal Subsidized and Unsubsidized Direct Loan Program before applying for the Grad PLUS loan. Interest rates are established each year for which the first disbursement is on or after July 1 through the following June 30. This interest rate is then fixed for the life of the loan. The interest rate cap is 10.50%. For the 2013-2014 academic year, the fixed interest rate is 6.41%.  For the 2014-2015 academic year, the fixed interest rate is 7.21%.  There is a 4.292% origination fee for this loan.  Repayment will be deferred while the student is enrolled at least half time, though interest will accrue after full disbursement of the loan.

Graduate students who wish to apply for a Grad PLUS Loan will need to complete the PLUS Loan Credit Authorization each year. In the initial year, the student will also need to complete a Master Promissory Note (MPN).

Complete both steps online at  (Select Request PLUS loan option)

Please take a look at this video tutorial to help guide you through the Graduate PLUS loan application and process.